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Martijndv

AUD/USD SHORT, Rising wedge encountering weekly highs

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Martijndv  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort rising weeklychart Gold
4
0
trendanalysis chartpattern beyondta audusd audusdshort rising weeklychart gold
The pair seems to be forming a rising wedge which could lead to a very good short opportunity. When the price meets the weekly highs around 0.81000 the downward move has great potential. This trade will take a little longer than most trades i am in but the potential profit is worth it.
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